On November 30, 2017 the OECD released an update of its Guidance on the Implementation of Country-by-Country Reporting. In the update the OECD has included some additional guidance to give certainty to tax administrations and MNE Groups on the implementation of Country-by-Country (CbC) Reporting (BEPS Action 13).

 

The additional guidance released on November 30, 2017 addresses a number of specific issues, like a.o.:

·   how to report amounts taken from financial statements prepared using fair value accounting;

·   how to treat a negative figure for accumulated earnings in Table 1;

·   how to treat mergers/acquisitions/de-mergers;

·   how to treat short accounting periods; and

·   the definition of total consolidated group revenue.

 

Click to the language of your choice to be forwarded to the November 2017 update of the OECD Guidance on the Implementation of Country-by-Country Reporting. (English or French)

 

 

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